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-founder of the political economy research institute at umass, a very important research institute backed does excellent academic scholarship with a public purpose. bob's books include a number of looks, contours of descent on the u.s. economy and in 2003, two books on the living wage, 1998 book of the living wage, building a fair economy and a reasonably measure of fairness, the economics of the living wage and his most recent book is the topic for tonight, "back to full employment." i just want to add that bob's work on the living wage has been very very important. he has been probably the leading researcher on this important issue. has written numerous papers and reports in addition to his books and has traveled to cities across the country to speak about the living wage and has testified before many city councils who were considering a living wage proposal and i think this is a really important contribution and i just want to acknowledged that. bob's recent work is focused on the green economy and the achievement of the twin goals of sustainable energy and full employment. there are numbers of repor
of the gridlock and dysfunction here in washington, d.c. they can see that our economy is slowly getting back on its feet, businesses are beginning to hire more workers, but my constituents and people across the country are very frustrated that the constant political crises are holding our recovery back right when we need to be doing everything possible to support it. after two years of debate about fiscal and economic policy and an election in which voters spoke loudly and clearly, the american people want their elected representatives to stop arguing and reach some solutions. mr. president, i come to the floor today to discuss a budget plan that meets this challenge. the senate budget that passed through the budget committee last week with the strong support of all ten democrats and two independents. it is a responsible and balanced plan that puts the economy first and tackles our deficit and debt responsibly and credibly, and i am hopeful that after it passes the senate, the house of representatives stands ready to compromise as well and we can come together around a balanced and bipartisa
our ailing economy and certainly not the answer for the hardworking folks back home in wyoming. when you start with one party doing the drafting and those who wrote the budget hold the majority on the budget committee, you can expect the bill to be one-sided. if you keep on doing whatever you a been doing, you can expect to get the same results. unfortunately, i believe that's what we'll see this week as we debate the budget here on the senate floor. the majority kept us in the dark on the budget until the last -- until last wednesday evening. we had to present our opening statements in the budget committee before we even sue the budget the majority -- even saw the majority the budget would offer. i do have to say in the defense of the majority that that's the way it's been for several years, both when the republicans were in charge and when the democrats are in charge. thea's thacharge that doesn't mean it is right. you have to share it. so then we had to turn around and start voting on the amendments the next morning in the budget committee and we weren't part of that process, beca
of a balanced approach that protects the american economy, the ryan republican budget guts education, medical research, infrastructure and even public safety. the ryan republican budget would actually jeopardize the economic recovery. it wouldn't help it. and in case you're thinking it -- huge and painful cuts can buy an awful lot of deficit reduction, think again. instead congressman ryan's cuts will buy more tax breaks for the wealthiest among us. this budget isn't a serious attempt to reduce the deficit. meaningful deficit reduction will require shared sacrifice, including contributions from those who can best afford to contribute. today budget committee chairman patty murray will introduce a budget that reflects the principle of balance. senator murray's plan, the democratic plan, will cut wasteful spending, reduce the deficit and close tax loopholes that benefit the rich. and it will invest in the things that help our economy grow: education, preventive health care, worker training, roads and bridges. it will invest in a strong middle class. and unlike the ryan republican plan, it won't
't afford higher taxes, especially in the obama economy. and if that's really the kind of budget senate democrats plan to offer, it would sacrifice america's hopes for sustained economic recovery at the altar of higher taxes and bloated, unaccountable government. it would also draw an important contrast with the budget republicans put forward yesterday. because here's the thing, republicans believe we should be growing the economy, not the government. growing the economy, not the government. and the house republican budget reflects just those priorities. it's a budget that does something else too. it actually balances. it actually balances. that's important for a number of reasons, not the least of which is that it would help unleash economic growth and bring down our country's massive, massive debt load. interest payments on the national debt alone are set to exceed everything we spend on defense. interest on the national debt is going to exceed everything we spend on defense in just a few years' time. so the path we're on is clearly not sustainable. with that in mind, i hope democrats
by foreign media organizations. i think there are two main concerns. first, whether the chinese economy will continue to grow sustainably. and secondly, whether a stronger china will become more assertive, and even -- [inaudible] [speaking chinese] [speaking chinese] >> translator: i think these two concerns are really necessary. china is capable of achieving sustainable and a healthy economic development, in pursuing social progress. and that are more than 1.3 billion people in this country so we are on a long journey towards modernization. for that we would require an international environment of lasting peace. even if china becomes stronger, we will not seek edge me. because we have learned from our own experience in the modern period that one should not impose on others what he himself does not desire. this is an article of faith for us. [speaking chinese] [speaking chinese] [speaking chinese] >> translator: let me underscore here that china has an unwavering commitment to peaceful development. we also have an unshakable determination to safeguard our country's sovereignty and terri
. this will trigger profound changes in our economy and society. it needs to be supported by integrated reforms in many different areas. we need to overcome the problems that might crop up in the course of urbanization. i know that according to the statistics currently available, there are about 500 suggestions and proposals, about urbanization made during the npc and cbbc seat session. we were you all of them very carefully and pursue urbanization in a steady, acted and a prudent way. [speaking chineseway. >> nowadays, food safety has become very, very serious issue. we can see the sky in beijing this weekend. is it possible for the chinese development, to solve this problem while maintaining the speed of economic development? and will it give more space for chinese people to monitor this issue? thank you. [speaking chinese] [speaking chinese] [speaking chinese] [speaking chinese] [speaking chinese] >> translator: i said earlier that we want to fully upgrade the chinese economy. that's also includes that in the course of development we will do our best to make sure that our people can breathe
a campaign on jobs and the economy, jobbing and the economy, jobs and the economy and beat that drum until i beat people into sleep. that's part of it, all right, but all of the rest of this has to be added together, or we can never reconstruct this country. we will not get the pillars of american exceptionalism back together. [applause] unless we have the full spectrum. if we can restore our families and strengthen our faith and protect innocent, unborn human life instead of assaulting it with a half a billion dollars appropriated to planned parenthood in a single year. that's gotta go. obamacare has got to go. [cheers and applause] we can't let up on obamacare and believe that somehow we're going to capitulate to that side because the roads are vitality, and it is an unconstitutional taking of god-given american liberty, and it's got to go. [cheers and applause] ronald reagan omelet me down a couple -- only let me down a couple of times in eight years. one of those was 1986, and i still had the dent after i heard on the news he had signed the amnesty act of 1986. but it was on the promise
expands opportunity by growing the economy. it strengthens the safety net are retooling government and restores fairness by ending cronyism. [applause] and by setting priorities and choosing wisely, we have a plan to pay off our debt. in fact, we balance the budget in 10 years without raising taxes. [applause] how do we do this? it's really pretty simple. we stop spending money we don't have. go figure. you know, historically we've paid a little less than one fifth of our income in taxes to the federal government each year. but the government has spent a lot more, so our budget matches spending with income. we say to washington but we are willing to pay is what you're able to spend. washington should do the same thing. the crucial question isn't how we balance the budget. it's why we balanced the budget. the budget as a means to an end. we are not balancing the budget as an accounting exercise. for not just trying to make the numbers out of. we are trying to improve people's lives. our debt is a threat to this country. we have to tackle this problem before it tackles us. today i wa
to us that -- quote -- "the need to transform the world's energy economy while addressing global climate change is not only a religious and moral imperative, it is a strategy for security and survival. the united states conference of catholic bishops says that -- and i quote -- "at its core, global climate change is not about economic theory or political platforms, nor about partisan advantage or interest group pressures. it is about the future of god's creation and one human family." the bishops asked congress to consider seven principles in shaping responsible climate change policies. one, addressing global climate change means protecting the common good. two, climate change will hit the most vulnerable communities the hardest. three, we must seek solutions that enhance rather than diminish the economic standing of the poor. four, new resources must be made available to poor communities to adapt to the effects of a changing climate. five, we must protect vulnerable people from the negative human health effects of climate change. six, local affected communities should have a voi
requirement to have a -- growth perspective of employers. mr. deputy speaker, a vital sector for our economy and the cost of doing business is energy. creating a low carbon economy is done by create jobs rather than -- was a major step forward for new nuclear. today with help of we are also announcing our intelligence to take two projects to the next stage of development will support the manufacture of mission vessels in britain with new takes incentive and the honorable members has urged do you passionately and in a nonpartisan way about the damage of doing the famous ceramic industry and persuaded me we will exempt from next year the industrial processes for the industry and others from the climate change. [cheering and applause] [laughter] >> for the we will this year sign contracts for the commissioning relief, the expectations of which is already increasing investment. i want britain to tap to new sources of local energy like shale gas. i'm introducing a tax -- including a shale gas field allowance to promote early investment. shale gas is part of the future and we'll make it happen. we
president obama entered office facing massive deficits and an economy that was shedding hundreds of thousands of jobs per month. now we've made progress towards getting our debt and deficits under control, and we've added back jobs, but the recovery isn't as strong or as fast as it needs to be. millions of workers continue struggling to get back to work, and we still have some very serious challenges when it comes to our medium- and long-term deficit and debt challenges. in the coming weeks and months, we will be asked to make tough choices as we work to tackle these challenges responsibly. this process is not going to be easy. there's a serious difference of opinion about what our government should be doing to keep our economy and our national finances moving in the right direction. one approach is to follow a path back to the economic policies of the last administration. this is the path to more tax cuts for the rich but less opportunity for the middle class to get ahead. it is a path not to prosperity, which can only truly be built from the middle out, but to the deterioration
of law. they have tremendous workloads, but they keep this economy going. and if you slow that down, if you slow down civil dispositions where contracts are waiting to be enforced with the plant is quick to be built or so forth, whether the damages are going to be paid through someone who was the victim of the breach of conduct. if you're going to cause dismissal of the suits because of criminal suits, criminal prosecutions because of the light, then you're threatening the efficiency of the legal structure. thank you very much. to have one of the comments i want to share with you, this month you will hear cases that are of the utmost importance to many american families. that is with the gay americans have the right to marry straight couples and whether the congress can deprive legally married gay couples of the federal recognition and benefits. i mention this not because i expect either of you to speak on this issue. in fact i know you will not. president bill clinton who resigned doma enchilada and now requests its demise recently wrote the question of the cases rests on, quote, w
country, our economy, our constituents, our friends and our neighbors. it is the single greatest threat to our economy and to our health care system. eventually, madam president, obamacare will be repealed. the american people will see the damage it does and demand that we scrap it and start over, but for now, we must at least defund it, at least for the life of this continuing resolution for the remainder of this fiscal year. senator cruz and i have been assured this amendment will fail and that obamacare will move ahead as planned. if that is the will of the senate, then so be it, but what obamacare does start to break down, when waiting times start to grow, when costs start to explode, when taxes start to rise, when doctors and nurses start to quit, when hospitals start to close, when businesses start to shutter, when patients and families truly find out what's in this bill, then the american people will know who is responsible for the catastrophe of obamacare and who, like the gentleman from texas, tried to help. madam president, a few years ago when then-speaker of the house nancy
. but they keep this economy going. if you slow that down and civil dispositions, where the damages are going to be paid to someone who is the victim of a breach of contract, if you are potentially going to cause this because of criminal suits due to delayed, then you are threatening the efficiency of the legal structure. .. president clinton who signed down into the recently wrote the question is whether it is consistent with the principles of the nation that on history to, quality and justice above all and is therefore unconstitutional, and quote. in the time that his pastor 1996, my view along with president clinton and colleagues, their face and makeup of our families herbology for what i think is for the better. those of us in congress, regardless for religion or party represents you in and nothing relationships you wish to have rights granted to a sitting on sitting on the podium today. i cannot in good conscience tell my constituents that their country does not value their bond, their commitment her family. i ask you just to consider my words and thank you again. it's a privilege to ha
every word i say for or against me. it's made our life easier and also changed our economy. you go to grocery store today and find machines doing the jobs people once did. one person because of automation can do the work by people used to do. it's the world around us that is changed and had an impact on our people. on our hard-working people, many of seeing jobs wiped out. just been doing 20 years gone overnight. .. to protect the people who are struggling and they don't want want to take in want to take it away from anybody. the vast majority of americans in the hard-working middle class don't want to take away from people that have made. they do want to hurt the people that are trying. they wonder who is fighting for them. who's fighting for the hard-working everyday people who do things right and do not complain that have built this nation? and conservative believers in limited government and free enterprise that that is our challenge in their and the opportunity. to be there for them and by the way i can think of a better call because our hard-working middle-class is one of the
economy were 1.4 million net jobs were added during his time in office. they are there issues. stemming the cost of health care come improving for accountability, school choice in the sanctuary this morning addressing the vital issues involving immigration that affect all of us. these are all issues addressed by ronald reagan years ago that continue to resonate as important topics in our lives. once in which governor bush has demonstrated much-needed leadership today. for these and many other reasons jeb bush stands as the only republican governor in the history of the state of florida to be realized into office. he hails from a family that has gone out of their way to extend one can support to mrs. reagan and all of us at the reagan library for years. ladies and gentlemen, please join me in welcoming governor jeb bush. [applause] >> thank you, kindly. really honored to be here. >> thank you so much. it is an incredible honor to be in this beautiful place. i am just in all of which you have all done here, truly a privilege not to be here. i thought it would start my remarks by giving yo
is the security industry as a more efficient supplier of funds to the real economy than banks. it's simply less costly to sell bonds, notes and commercial paper to investors and to borrow from a bank. the mid-1980s intermediating transactions, the security industry has supplied 15 times more financing to the real economy and banking and has done so without government regulation. when the financial crisis came, lipid regulated investment aches like bear stearns, lehman brothers and merrill lynch did no worse than heavily regulated fdic insured commercial banks like waconia, washington mutual and indie mac. it's hard to see more and tighter regulation is the end there. what we are watching the name of prudential regulation is the government squeezing the life out of the banking industry through the interstate commerce commission gradually squeezed the life out of the railroads. if we let the government insurance provide regulation to the security business for some regulators have now proposed will pay a heavy price in lost economic growth. finally, it even natural supporters of free-market and me
. this is what he says. we are now in a position where the economy is not growing in the way it had been expected. and he goes on, we don't want to be japan with a decade of no growth. mr. speaker, when his own business secretary calls for them to change course, is he speaking for the government? >> let me tell him what is happening in the industrial production. we are now producing more motorcars in this country than we have at any time in our history. exports to all the key markets in terms of goods like india, china, russia, brazil are all increasing very rapidly. none of things things happen on a labour government in the trash our economy, racked up the debt and nearly bankrupted the courage. when it comes to capital spending i think we should spend more money on capital and that's why we're spending 10 billion more than the plans of the government of which he is a member. i think we should be using the strength of the government balance sheets to encourage private-sector capital, and that's why for the first time in its history the treasure is providing those guarantees. the fact is he read
economy and i suggest even our very way of life. we need a whole of america solution to this national problem, and the department of defense absolutely has a critical role to play in that effort. if you believe that the d.o.d. has a vested interest in having reliable sources of energy, you should agree that new fuels meet their needs. as i mentioned, we're all concerned about the effect of sequestration on our troops, but we can't solve our problems with the same kind of shortsighted thinking that got us here in the first place. killing the navy's boistles program -- biofuels program, make no mistake, that's what this this amendment would do, will cost more money than it saves. it will set back an destroy poised to provide our country with enormous and important benefits. and it will make sure, it will ensure we keep pouring money into foreign coffers. i want to urge my colleagues to continue to support smart investments in our future like the navy's biofuels initiative. therefore i urge my colleagues to oppose the toomey amendment. mr. president, thank you for your attention. i yield
a crazy for years with the economy. we went to the financial crisis and the deficit kind of blew out. i think that democrats are finally trying to get back in regular order in the senate. max baucus is an interesting figure. they can do any tax changes or it entitlement changes that went through the committee. so he is sitting back and waiting for the issues to come to him. he has already had tax reform hearings. so he is one that will watch this move forward. >> democrats need only 51 votes to pass the budget outline. no doubt it will, but we can't wait to see which senators get lined up as potential sacrifices. the senators running in 2014, mary landrieu, mark begich of alaska, they might get a pass from harry reid. >> that is right. they control a couple of things, but we know that republicans are struggling with the same issue. the president is trying to give someone public and senators to work in a bipartisan way. but there's a lot of consternation in the house about house republicans. going after conservatives who look at tax increases as part of a deal. there is pressure from the
in jobs in the economy, and closes loopholes and preserves the middle class' ability to grow and proceed. so, we now are, you know, in this 30-hour thing. we could actually be debating the budget while those 30 hours tick. we don't have to be sitting here doing nothing. and one of our colleagues said, he'd like to debate the budget two weeks from now. why is he putting things off? well, i guess if i had their budget and looked at it compared to our budget, that's what i'd want to do. but that's not fair and that's not right. so i just came to the floor to join my colleague from washington in pleading with our colleagues, let's have a real debate on the budget. the lines are squarely -- are sharply drawn. our budget and your budget contrast. let the american people hear the debate and decide who they like. we're pretty confident they'd like ours better. you no longer have the talking point, we don't have a budget. so instead you're preventing us from talking about our budget. it is not fair, not right, and doesn't really help the process. so i would hope that i know there are some members
's state of florida is similar philosophy and economic or grams created a thriving state economy for 1.4 million new net jobs were added during his time in office. there are other fundamental report issues where the two men match. suspending the rising cost of health care improving education through accountability and school choice and as i'm sure we'll hear some more this morning addressing the vital issues involving immigration that affect all of us. these are all issues addressed by ronald reagan years ago that continue to resonate on these important topics in our lives. ones in which governor bush has demonstrated much-needed leadership today. it is for these and many other reasons that jeb bush stands as the only republican governor in the history of the state of florida to be reelected to office. he hails from a family that has gone out of their way to extend more support to all of us at the reagan library over the years. let us extend that warmth and ladies and gentlemen please join me in welcoming governor jeb bush. a pause cut. >> i am truly honored to be here. [applause] d. t
, the board's took over responsibility was that good for the economy? it is one of the reasons i have written the book. we're at a crossroads. it is disgraceful what they have done. i would not settle for a dime. i will not do that. we're in the courts of appeals the highest court in new york of the martin act as currently written and being used is constitutionally proper. it can't be you have to prove we did something wrong, intent. i was so far away from the transaction -- transaction but the justice department looked at me for five years. five years. nothing improper. after that, now you go aig is coasting along on its strengths but all of the risk management controls disassembled. we had an enterprise risk-management system and it has been claimed aig had so many different companies have could anybody manage it? diversification is not bad but it is a proper strategy for a company. we had geographical and business interests so if one thing goes wrong the others carry it to and for decades to claim that diversification to become a simple insurance company company, will get their records. te
economy still works. on the charitable side it doesn't work. because it's the same organizations at top which reflects how people give, they give it to. it's often brand names and familiarization which blocks away for the innovators but i think that's what you can get it until they agree, that is the challenge we face. people with the best ideas are not necessarily winning. >> host: if i put into census, the current state of affairs is he or she does the best marketing wins, and the goal is the organizations that have the best results and helps the most people should win. that's the essence of the book transit absolutely. >> host: let's talk about this more charities for a minute. isn't there an implicit message of because we talk about the innovators, they have to reach a certain scale and size specifically. and to be evidence-based, performance driven, research-based this is the opposition have to be of a certain size, to have the capacity to do that? so wouldn't the smaller organization argued that this is an unreasonable requirement for them to meet? what do you think of that? >> gu
wireless economy. >> i agree. the problem in terms of more intensive spectrum use, the devices were using today, are sometimes more aid intensive than a simple cell phone was 15 years ago. so there's a need on the consumer side. federal spectrum come one of the processes that is established now under as modified by the legislation last year, notification an auction process because i outlined, that is an established process by which the fcc would notify ntia of us federal spectrum that could be reproduced for commercial use. and if we adopt the process and invoke it in a very robust way, that would be fair and flexible for everybody, for federal users, for the fcc and for the private sector. i hope we use it more often. thank you. >> thank you, senator. senator blumenthal. >> thank you, mr. chairman. thank you for holding this hearing, i do want to thank my colleague, senator klobuchar, for her leadership as well on the unlocking bill which i've been very glad and proud to cosponsor. let me ask just very quickly, the merger, proposed merger involving t-mobile and metro pcs, chairman genach
affecting the british economy since the end of the first world war. they concluded the rational science and society. scientists have far more than any other segment of society. so sooner than most are very aware of nazi germany, beginning with the persecution and dismissal of all scientists. he was involved with many scientists during this time and finding positions for refugees in universities in america. but i think it was far less important than the brilliance, commitment, and pretty fearless. the scientists would who would be involved in this effort, including this year, physics and medicine and what they fundamentally showed is that even in something as uncertain and tradition bound as a scientific thinking it was crucial, the official history of this to the war effort as observed that there was a fundamentally romantic conception of this. even magical thinking. >> there were generals but failed to produce any operational research comparable to the allied development. if they had, they probably would have won the submarine campaign and the war. thank you very much. thank you for co
see the economy take off mr. mr. norquist? >> guest: okay, we haven't had trillion dollars spending cuts that we had an agreement by the president of the united states forced on them by the republicans to reduce spending over the next decade by a trillion dollars, so 100 million a year. they haven't started yet and they're just beginning to kick in. this a quest or is an additional $1.2 trillion over the decades to what the republicans want in the state battle we had in 2011, the budget control act was obama needs the debt ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we have sever
people, but the economy, that was a glimpse of the kinds of effects that you could create with a cyberattack. that is why it has our attention. >> that is why individual industries, and given the potential, had preemptive action today. >> senator, i think that this set some standards and goals. we have identified the correct relationships between commercial and private and government. .. i presume that you are seeing huge pressures as naval forces are withdrawn because of budget pressures, but also can you comment on the role of coast guard because even though it's not the jurisdiction i present a place of very large role, too. if the idb to push its in your al because that will degrade. >> i think i plan to grow on their life in that part of the world. we are ensuring that they hip and shoulder to shoulder. as you say with a secret regime, i occupy a seat that is before suitable combatant commanders. we didn't get much that we get just about zero now if sequestration stands. what that translates to his last year we get 150 to 200 tons of cocaine on the high seas, coast gu
will we see the economy take off, mr. norquist? >> guest: okay. we haven't had a trillion dollar in spending cuts what we had was an agreement by the president of the united states forced on him by the republicans to reduce spending over the next decade by a trillion dollars. so that's $100 billion a year. and those cuts haven't started happening yet. they're just beginning to kick in. the sequester is an additional $1.2 trillion over the decade. so what the republicans won in that big battle we had in 2011, the budget control act, was that obama wanted to keep spending, and he needed the debt ceiling to be increased because he'd spent so much money. and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked a
dire longworth house office building.6%, one in 15. and the economy has changed since the 1930s but unions have not. unions don't see it that way. unions see them offer a product that is perfectly fine and the only problem is employees and lawyers aren't buying it. and to reverse its decline, not to design their offerings are making in members of more relevant to the twenty-first century workers but by making the difficult for employees and employers to define their services. this is what we have seen with the national labor relations board. and in less than three weeks forcing workers to decide in as little as 18 days. and allow them to form unions for their supporters, employees who do not decide to unionize to the side of their workplace will get unionized. not just at the board level. and organizing campaigns and unions are moving more and more towards direction to pressure an employer to accept union organizing rather than persuade union employees that a union is in their best interests and that is not just me saying that. that is the words of union organizers. consider the
america's case on a daily basis because he would be's with the economy. so one of the many reasons why he chose her as secretary of state because she knew she could do that for him on a daily basis around the world. that's why i think that she would bring to him accurate reading of where things stood. what she could deliver to him in terms of moving forward in terms of agreement, where the players were when it comes to libya, for example. deliver to him the -- what was needed for him to make the decision. she lost some battles but she certainly influenced a lot of decision. libya being one of them, and asia definitely. >> host: we'll get to libya next. a very interesting scenario and what happened there. but just one last question on the israeli-palestinian conflict. i was covering aipac in 2010 and she spoke there and she said farflung destinations from the chronic where she would be traveling, that issue would come up as the first, second, or third issue, and it struck me as unlikely, other than europe, that people would be focusing on this far-flung destination, and once we saw wikilea
comes in with a 70% approval rating in the the worst economy since the great depression. three and a half weeks into his presidency he has his economic stimulus plan. now you can argue and i think that we would that is a plan largely hatched in the democratic rooms but it also had more than a third of almost 40% of tax cuts. and the single largest tax cut was the extension of the alternative minimum tax which came from chuck grassley who voted against the plan. three and a half weeks and not a single republican in the house votes for it and three in the senate not including those that had most of their amendments at it and then we move on from there to not a single one voting for any significant initiative. that to me represents a difference. and a difference would suggest a willingness to find out how you can solve some problems even if there are other places you want to stop. a contrast between where the parties are now so there are no angels here but we really do have one party that is not that far from the midfield area although it has moved and the other party is behind it
of people enjoyed in our economy. we tend not to do that. the modified price increases we have now which is too tense of a percentage point slower on average per year, that's where we are now, then a third one to have are the modifications to reflect the ways people can shift what they bought over time, another three-tenths slower. finally, the price index for the elderly we have about two-tenths faster than the current modified and it puts us back about the same the growth in prices we would estimate as the cpi that we had back on automatic adjustments first went into place. let me to show you a little graph. this is in nominal dollars of what, over time from age 62, considering your retiring, what the benefits would look like under these different flavors of approach. the blue one at the highest is what we would have if we went to a real standard of living adjustment, and standard of living, cost-of-living, take a pic on which word you want to use. you would end up by age 82, 20 years from starting benefit, about 24% higher benefit level than our current cpi cola shows the improved to
have the most developed set of economies in western europe that exist and the relationship across the atlantic constitutes nearly one third of world trade. that is why european investment in the u.s. is around eight times that of investment in india and china put together. this basis of its enormous significasignifica nce in today u.s. investment in the e.u. is three times higher than in all of asia so it speaks for itself the potential that exists there. that transatlantic relationship defines the shape of the global economy as well. so it either the e.u. or the u.s. is the largest trade and investment partner from most all of the countries in the global economy that speaks of the centralitcentralit y of the power and the potential for is fair. that is why i am happy from an irish perspective to see the high-level report produced between the e. u. and the u.s. in terms of potential has received a very positive response. i spoke to the president after his re-election and he addressed this matter in his state of the union address and last week the european council gave the theory p
rally around, one that controls spending, gets our economy healthy again and advances the serious reforms necessary to make government programs more efficient, effective and responsive to the needs of the americans. i asked them to please shelf the tax hikes. that's because we understand the negative effect more taxes would have on our fragile economy and the millions of americans still looking for work. it's also because we know washington democrats already got $600 million in taxes they demanded earlier this year. and remember, that's in addition to the more than $1 trillion they got in taxes from obamacare as well. so now it's time for the balance they promised. washington doesn't need to tax more. it needs to finally figure out how to spend less. i said these things were the least senate democrats owed the american people, given their lack of responsibility in not producing a budget for the last four years. i'm sorry to report that the plan they put forward yesterday will do none of these things. none of them. instead of getting washington spending under control, their propose
, our economy and our way of life. but of course, the climate deaners and the polluters don't want that. the deaners want to prevent discussion -- the deniers want to prevent discussion of climate change altogether. in the past few years in this body, climate science has become a taboo topic. i watched when my back was out in the last few days one of the harry potter movies on the television, and lord valdemort was called he who shall not be named in those harry potter stories. well, carbon pollution is the pollution which shall not be named. climate change, the harm that is caused by that pollution is the harm that shall not be named. the obstructionists want to squelch any discussion of the pollution which shall not be named. so as to let big polluters continue dumping carbon and other greenhouse gas into our oceans and atmosphere. take, for instance, the house select committee on energy independence and global warming created in 2007 as a forum for confronting the economic and security challenges of our dependence on foreign fuels. when republicans took controlf the house of reprenta
the economy. additionally, cbo estimates that obamacare delivery changes would yield a minuscule $417 billion in savings. that barely registers. but regardless of how we feel about health care law, going back, medicare's hospital ensures trust fund will go bankrupt in 10 use. we have to act now. the clock is ticking in today's hearing to help us address this challenge. medpac's analysis is valuable in helping us better understand when growth in medicare spending is appropriate and when medicare payments need to be adjusted. we also look forward to receiving medpac's next report to congress in june which will highlight additional opportunities for reform beyond the changes in the payments. we rely on medpac's recommendations. that's a key element in designing policies to improve the medicare program and say that over the longer. so i welcome are invited witness, medpac chairman glenn hackbarth. thank you for joining us today, and i look forward to hearing your testimony. before recognize ranking member mcdermott for the purposes of an opening statement, i ask unanimous consent that all members
housing his tour economy. some estimate housing and related interest trees are rewording 25% of our economy. until the street of housing, our broader economy will not fully recover. this is a command is a important issue to all of us. i applaud bipartisan efforts on this committee with mr. campbell and mr. peters, mr. miller and ms. mccarthy in hopeless hearings to focus on related ideas. i look forward to hearing more today about your three-part strategic plan to build company pain and contract the gses. in your efforts for a single platform and standardize part says, i believe it's a great step forward, a great development. i also believe that your efforts to maintain foreclosure prevention activities and credit availability at refinance mortgages has been successful. i also want to applaud the work with harrop, the home affordable refinance program to promote prevention at today's has had successes. one by one blade refinances have been done which nearly equals the number of subway finances the prior three years. the focus on underwater mortgages is greater than 105 want to value
wouldn't be old to travel around the world. he was going to be busy at home with economy so there is a clear reason and one of the many reasons why he chose her as secretary of state. he knew she could do that for him them on a daily basis around the world. and that is why i think that she would bring to him an accurate reading of where things stood and what she could deliver to him in terms of moving forward and in terms of agreements and where the players were when it came to libya for example. what was needed for him to make the decisions. she lost some battles was certainly influenced a lot of the decisions libya being one of them in asia definitely. >> host: it was a very interesting scenario and what happened there. one last question on the israeli-palestinian conflict. i was covering a pack in 2007 hillary clinton spoke at the conference and she mentioned that the time something that i thought was interesting. she said destinations from the conflict where she would be traveling that issue would come up in the second or third issue and it struck me as unlike the that p
this is a socialist radical idea, it will ruin the economy. so it still considered a radical idea, but it was nevertheless now law. about a year ago a poll was done of tea party members, and asked them a lot of questions about their views, about many things. and one of them was how they felt about social security. and about 70% of all the tea party members that they pulled said that congress and business committee should not mess with social security. they thought social security was sacrosanct. so how did this idea of social security go from being this socialist radical idea 100 you to g go to something that today, even right wing tea party members feel is so embedded in our society as part of our mainstream that it shouldn't be messed with? it doesn't mean that the art of some conservatives as people want to reduce social study benefits but almost all americans agree that social security is something that we need. so when i was in milwaukee, i thought everybody in milwaukee is going to know who victor berger was because you such a remarkable public figure. so as people in the au
the economy of the united states, not our strategic commands, but atm machines and etc. have you done a calculation of the potential cost of the economy, if someone decided to conduct an intimate attack on our banking system -- and concentrated attack? >> senator, an attack on our bank would be significant. it would have significant impact. if people can't get to their money, the impact of that is huge and you have seen that. we have discussed that. >> yes, we have. >> what i am concerned about is a service attack can accomplish that. it could make it very difficult for people to do online banking and trading and others. so there is a cost if you think about losing amazon, one hour cost $7 million in profit to them. and there is also a cost to accomplish its legislation in that each of our critical infrastructure portions of our industry have different levels of cyberreadiness, if you will. so the banks and the internet service providers are generally pretty good. the power companies are not so good and the government is somewhere in between. so the cost for fixing that is significant
to balance the budget and have billions of dollars on the table that could bolster your economy and expand coverage to hundreds of thousands of vulnerable residents. it's hard to turn that down. >> host: next to the wind come a republican in oregon. go ahead. >> caller: in front of me right now i have from white sending me paperwork on health care plan. you are not telling the people what is going to cost them. 2014 will cost $95 per adult, $47.50 per child. $162.50 per child. 34750 per child. after that it chomps for $40,500 to a single person. and that is a bronze and there must be tears to the the coverage nor the costs. we will pass it and then figure out what it means. this is exactly what you're doing i get calls all the time because they know. they are scared because they know they can afford this. you people are telling the people the truth of what is going to cost. >> host: you got that information from senator wyden's office? and you are a dog with a bone. what are you doing? are you organizing people against the affordable care act? >> caller: i have a lot of people ask me what
of raising lincoln steffens. he writes, brush it is the world's first socialist economy in action and it works, exclamation point. it is a remarkable document. i have no idea but plan to do, but certainly nobody had seen it at the time. how did weight reconcile his views? he struggled mightily to reconcile his beliefs on the one hand and a dollar sent to local free trade architecture with disbelief on the other end of soviet socialist economic model that really had no use for it. he could never reconcile the two. he was solicitous of the soviet bretton woods who were enormously objected, but no soviet monetary thing came to speak out. but you might wonder why today stayed at the european who runs the imf and not an american, whereas the imf was clearly more important to the 90s states. president truman had intended to nominate way to be the first managing director in january january 1946. right before he did so, he received a long memorandum from jay edgar hoover is saying don't even think about it. i've got credible witnesses and information that will collaborate my allegations w
in america. high schooler alan shimp of pennsylvania won first prize her his industry on the economy and spending. and a group from knoxville won first prize with their documentary on public transportation. watch the winning videos each day next month on c-span and see all the documentaries at student >> "the communicators" winds up its visit to ces international 2013, the consumer electronics show in las vegas, with a look at several booths to see some of the technology that's being unveiled this year. >> host: and now joining us on "the communicators" is henry massey of the venom corporation. mr. massey -- >> guest: hello. >> host: -- what is it that venom makes? >> guest: well, we actually are producing a product here called data guard. it's a scooter product for your mobile twice. now, the idea of data guard is it makes an encrypted link between your mobile device and the internet which stops people grabbing your wi-fi connection and grabbing your data sent over the wi-fi connection. it's a really big danger with mobile devices when they're used on open wi-fi networks, p
the demographic pyramid to make our entitlement system secure and jump-start our economy in a way that will create an uplifting of our hopes and dreams, but also directly impact, immediately impact economic growth. >> u.s. economic growth and immigration policy. former florida governor jeb bush on immigration wars tonight at 8:15 eastern. part of booktv this weekend on c-span2. >> we have allowed a human rights nightmare to occur on our watch. in the years since dr. king's death, a vast new system of racial and social control has emerged from the ashes of slavery and jim crow. a system of mass incarceration that no doubt has dr. king turning in his grave today. the mass incarceration of poor people of color in the united states is tantamount to a new caste-like system, one that shuttles our young people from decrepit, underfunded schools to brand new, high-tech prisons. it is a system that locks poor people, overwhelmingly poor people of color, into a permanent second class status nearly as effectively as earlier systems of racial and social control once did. it is, in my view, the moral equivalen
of steely precision and economy until he gets to the theological part where it becomes a little more -- [inaudible] that he must have done the sort of whispering, you know, sort of -- which, of course, would have been inaudible. >> inaudible to anyone. >> what i loved, what i thought daniel did and it was a complete surprise to me, it never would have occurred to me, i was jealous that daniel thought of it. lincoln went to the theater as often as he possibly could, that he would use 19th century stage language, the big sort of rhetorical gestures when he spoke and that i think even daniel does it as somebody who isn't an actor, who's a politician, who isn't doing them with an incredible grace, but with great authority. and i thought that was a sort of new wrinkle into what we know about -- >> it was good because he was so contemporary, he was very spare with his gestures, but that he would suddenly do a grand gesture -- >> right. >> -- and it would look awkward but also dramatic. so with -- i'm going to cover your face for a second. with malice toward none and charity for all rings v
will rebuild the spirit to make our entitlement system secure and jumpstart our economy in a way that will create an uplifting of our hopes and dreams and also directly impact and immediately impact economic growth. >> former florida governor jeb bush on immigration warrants. part of booktv this weekend on c-span2. up next, alec foege talks about modern-day thomas edison and ben franklin. his book is "the inventor and the tycoon: a gilded age murder and the birth of moving pictures." this is is about 50 minutes. >> i hope i can live up to the introduction. i would like to say it is such a privilege to give a talk about my book. the westport library has been a real innovator in terms of agreeing it was just sort of a coincidence that brought us together thank you to bill for helping make this all happen. as was mentioned in the introduction, my book is -- it is partially about what is going on in tinkering right now in the contemporary world. but it also touches on history. but more specifically talks about what the ideas behind being a tinkerer on her. and what is it tinkerer? an
that will rebuild the demographic pyramid to make their entitlement system secure and jumpstart our economy in a way that will create an uplifting of our hopes and dreams but also directly impact, immediately impact the economic world. >> u.s. economic growth and immigration policies. former florida governor jeb bush on immigration wars tonight at 8:15 eastern part of booktv this week on on season -- on c-span2. >> 19395 african-americans were arrested at the alexandria city library as they try to obtain a library card. attorney samuel tucker -- which resulted in the creation of a separate library for its black residents. we travel to the traveled to the site of the original sit in and to the place where the black library was built. today is african american history museum and tells the story of samuel tucker and the five people arrested that day for the simple act of trying to get a library card. >> august 21 of 19395 african-american men who were not allowed to use the library came in and each one politely asked for a library card and they were denied. each man tape took up a up a book and sat at
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